WEC Energy Group Inc (WEC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 12,395,000 | 11,754,600 | 11,407,300 | 10,943,600 | 10,500,100 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $12,395,000K)
= 0.00
Based on the data provided, WEC Energy Group Inc has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company relies solely on equity financing rather than debt financing to support its operations and investments. This may signal a strong financial position and low financial risk for WEC Energy Group Inc, as it does not have significant debt obligations to repay. However, it's essential to consider other financial metrics and factors to gain a more holistic view of the company's financial health and performance.
Peer comparison
Dec 31, 2024